Navigating Succession Planning for Business Longevity

Talking Textiles

Listen in as Charlene Clark interviews Chris Ritsema, Travis Jenkins, and Scott Neville as they provide valuable insight into succession planning and the long-term success of a business. They discuss how they got their start – whether through acquisition, external purchase, or as long-term employees. They also talk about the must haves when it comes to acquiring and keeping businesses going, and emphasize the importance of retention strategies that keep employees happy and contribute to profitability. They further highlight the need for staying informed and prepared, whether it's through having solid standard operating procedures (SOPs), effective training materials, or clear exit and transition plans. All these elements are key to ensuring your business remains adaptable and profitable for years to come.